Wednesday, October 7, 2020

Technical Analysis Oct 2020: BINTAI (Bursa: 6998)



BINTAI KINDEN CORPORATION BERHAD 

Observation from Chart: 

BINTAI (Bursa: 6998) forming ascending triangle pattern. 

Will it breakout RM0.93 resistance? 

Other indicator:- 
MACD at positive region, uptrend sign. 
Stochastic %K trigger BUY call, pending confirmation.

Immediate support @ MA20 level. 
Subsequent support @ triangle line level. 

Immediate resistance @ RM0.78 level. 
Subsequent resistance @ RM0.93 level. 

Let's watch closely Disclaimer

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